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Against the backdrop of a strong breakout in $BTC, $NEWT continues to trend down independently. This "reverse weakness" is no longer just weakness; it likely indicates that market makers are intentionally avoiding the overall market sentiment and quietly dumping.
This wave of gradual decline has lasted for a while, seeming mild but actually extremely destructive—without clearing positions or rebounding, it purely relies on time to slowly wear down retail investors' confidence.
Many people may feel that this wave of fall has already "settled", but in my opinion, the real dump hasn't started yet. It feels more like the previous $MYX: a slow buildup in the early stages, waiting for a piece of news or market incentive, and once triggered, it accelerates into a ruthless crash.
0.31 This wave of rebound is likely just the last window for the market maker to dump. Once the high position volume no longer continues to push up, that will mark the beginning of a full takeover by the bears.
The current trend gives me the feeling that it just needs a spark.